St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-28
SATURDAYS MARKET.
On the Chicago Board of Trade There Was
Little More Open Buying
of Wheat.
The Bull Clique Took an Active Hand in
the Deals, and Higher Prices
Resulted.
Crop Reports From the southwest
Being Unfavorable, Cut Some
Figure.
Transactions in the Financial Circies
of Wall STRAIGHTFORWARD quo
tatiOnS.

CHICAGO. March 26.-If the clique had been
without any news to aid them To-Day tney
would have had u hard time OF IT, Inc crown
WAS thoroughly in a mood yesterday 10 irF
issues with them, and this feeling had grown
until last night on the curb there WIS nioo
ready to sell May wheat at as low inquire us
SOj%c. 1t needed muscle and nerve 10 open
m the market this morning. out "neh tue
news of the enormous clearanceS came aious
from New YORK, Baltimore ana fnliaoelphia,
and when TO supplement these ngufes' caiie
also numerous reports OF crop damage III the
winter wheat belt, the temper h"u
so changed that the wheat PIT tooA
care of itself. The clique did not neeo to ouy
further and didn't. kershaw's orders seem
10 be simply TO keep the Cmcago nialh ,'.
steady. The motive is plain. with STEADY
strong undertone at Chicago, with the price
so moderate, the export mos ement Is greatly
aided. The plan and Its execution SUI" d
broad speculative scheme, being carrieo out
by SPECTATORS who don't want eltner ior
luoney or experience. hershaw, .he iea .t';.
of the CLIQUE brokers, opened wheat up this
morning ut sic. Late last night on tne curo
The crowd was selling wheat freely Ill oo1ac,
and il came down this morning expecting 10
get uuder this figure. The price was moved
up early simply by kershawS pioalhs' he
needed to buy very little grain. The
SENTIMENT Is AS MIXED
os a,-ar o,,ar the purposes of the clique, and
as to whether it is buying now because II
wants the wheat and believes 1t cheap or DE,
cause il must buy to make market W seu
on If the former we're the case the crown
cannot see why the buying is not done Sc
cretly instead of openly and by kershaw. Inc
,a+ter cannot get much wheat without the
scalpers failing right after him ana aoVfnc
ing the price. The crop situation is peein-
ming to cut a more and more important ny
IRE The extraordinary dryness OF tne lhou'h
IS becoming so apparent that II Is no iousei d
matter to be argued over, and II II lastS ten
DAYS longer will afford the bulls great ald
A New York broker was on the noor LOOKUP
for cash wheat. He came on mere, u Is salu'
surprising that the clique would sell MIN cash
Quder the market if he would only guarantees
10 ship it; but he found himselt mlstahen.
lie offered I'D to the market, but Wouldn
paw commissions and didn't get his wheat.
He had engaged fifty cars OF the Lake Snore
at the 2O-cent rate. In corn the receipts were
large enough to make the price easier; out
now and then the corn pit cuts loose from lts
own statistics and goes upor Gown SIMPLY OUT
of sympathy with wheat. This was why the
May option was SO steady to-day at $3.50
39Ac.
THE ROUTINE REPORT.
CHICAGO March 26.-There was little
more open buying of wheat by the Dull cllque
to-day, and higher prices resulted. 1t IS
claimed that the clique has very largely IN
creased its holdings during the week, and
that the short interest has been correspond
ingIy Increased. However this may be, the
operations of the bull operators continue TO
be watched with great interest. Crop reports
from the Southwest were unfavorable, and 1t
was also claimed that farmers deliveries IN
the Northwest were falling Off. The clearings
from the seaboard aggregated $40, 900 bushels,
and it was estimated that the visible supply
would disclose decrease of LOCO, 600 bushels.
The receipts at eleven points were 439,UUU
bushels The market opened at 5000 for
May and advanced gradually to Sl3sc, CLOSING
at S11@@S15sc. Corn and oats ruled quiet ana
steady. without any special feature of inter-
est. Mess pork showed no change, and lard
and short RIBS were a shade trmer.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, March. opened at 20 nc, closing
at 76@761sc; May. S05ac, closing at S11a@
Sl5ac; June, soc, closing at S05sc; July,
SAGE, closing at 341z @3422sc; May, 1890, clos
ing at 391ac; June, 4014c, closing at 40$sc: July,
4O4c, closing at 413s@41hc. Oats-No. 2,
March, 24c, closing at 24c; May. 2s1sc, clos
ing at 2S1sc; June, 29c, closing at 2S1s02sc.
Mess pork per barrel-March, $50. go, closing
SCI, closing at $2l. Lard, per 100 pounds
March, S7.2T1a, closing at Sl.32Ea: May,
S7.35, closing at $7.371a; June, S7.421a, closing
at $7.45. Short ribs per 100 pounds-March,
ShS5, closing at $7.S5; May, S7-9IR, clos
ing at S..95; June IS, closing at SS.O21a.
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. spring, 769
TS1ac; No. spring. 131ac; No. 2 red, 79@791sc.
Corn-No. 2, s4sS@s71zc. oats-No. 2, "a
@24}ac. Rye-No.2 2, SAGE. Barley-No. 2. 80
@95O1ac. Flax seed, No. l, Sl.0S34. Timothy
seed, prime, Sl.76@1.7s. Mess pork, per Dbl,
$2O.25@2O.5O. Lard, per 100 lbs, $3.50. Short
ribs, Sides loose, S7.S5; dry sailed shoulders,
boxed S606.25; short clear sides, boxed, $3.50
@S.25. Whisky, dlstillers' finished goods,
per gal, Sl.1s. Sugars-Cut loaf. exc; gran
ndulated, &c; standard A, 55sc. Receipts
Flour, 900 bbls; wheat, $1,000 bu; corn,
$4,000 blu; oats, $4,000 bu; rye, 5000 bu;
barley, 49, 900 blu. Shipments-Flour, 5000
bbls; wheat, $4,000 bu: corn. $4,000 bu:
oats. 13S, 900 blu; barley, $4,000 bu. On the
produce exchange to-day the butter market
ruled steady: creamery, 24@3Oc per b; dairy
23@27c. Eggs, 10%911c per doz.